Trump claims that his $421 million debt is ‘tiny’, but he owes more than double that

[floridafan]

The Times revealed that Trump has to pay back $421 million in the coming years in a bombshell exposé detailing his personal and business tax returns. The documents obtained by the outlet showed that Trump had paid $0 in federal income taxes for a decade before paying $750 in 2016 and 2017. Moreover, they showed that the president had reported losing hundreds of millions of dollars on the properties he operates.

Though Trump previously called the report “fake news,” he did not deny that he owed more than $400 million at Thursday’s NBC News town hall. Rather, he falsely insisted that the outlet had illegally obtained his tax information. The president declined to say to whom he owes money.

“I have a very, very small percentage of debt compared” to my wealth, Trump claimed.

The president alleged that he took on the debt as “favors to institutions that wanted to loan me money.”

“It sounds like you’re saying $400 million isn’t that much,” moderator Savannah Guthrie responded. “But are you confirming that, yes, you do owe some $400 million?”

“What I’m saying is that it’s a tiny percentage of my net worth,” Trump replied. “. . . I don’t owe Russia money. I owe a very, very small . . . It’s called mortgages. People have a house, they put a mortgage.”

“I don’t owe money to any of these sinister people,” he continued. “This has been going on for years now.”

Asked if he owed money to any foreign entity, Trump replied: “Not that I know of.”

“I will probably . . . I will let you know who I owe whatever small amount of money,” he added.

In fact, Trump’s company reportedly owes about $340 million to German financial giant Deutsche Bank, the embattled institution which was one of the few banks willing to lend him money after a series of bankruptcies and defaults. While Trump appeared to acknowledge the $421 million in personally guaranteed loans that were reported by The Times, a Forbes analysis found that Trump’s total debt was actually closer to $1 billion.

Trump has earned more than $200 million in income from his interests in foreign countries since 2016, according to an analysis by the Center for Responsive Politics.
https://www.rawstory.com/2020/10/tru...e-that-amount/

[Jarod]

Trump is still operating under the delusional idea that he is a billionaire.

[Truth Detector]

Trump is still operating under the delusional idea that he is a billionaire.

You're still operating under the delusional idea that you have a brain.

[PostmodernProphet]

Quote Originally Posted by Jarod View Post
Trump is still operating under the delusional idea that he is a billionaire

what do you know that Forbes doesn't.....

[gfm7175]

Trump is still operating under the delusional idea that he is a billionaire.

He IS a billionaire... If you go by the Forbes numbers, Trump has a net worth of ~$2.5 billion.

[zymurgy]

he should just hide all his assets in his wifes name like Bernie does

then pretend to be a commoner, while grifting off the public for half a century

[floridafan]

he should just hide all his assets in his wifes name like Bernie does

then pretend to be a commoner, while grifting off the public for half a century

Does it bother you ar all, that trump first lied about this debt and called it "fake news" before finally admitting to it.
Or possibly the reason he took the money was that institutions wanted to loan him money and he took it as a favor to them?

Is there any amount of his bull shit that bothers you?

[zymurgy]

Does it bother you ar all, that trump first lied about this debt and called it "fake news" before finally admitting to it.
Or possibly the reason he took the money was that institutions wanted to loan him money and he took it as a favor to them?

Is there any amount of his bull shit that bothers you?

I would get bothered if we had proof he was cheating on taxes. This is more about trying to make him look bad in public eye by class warfare advocates, so no, not a concern at all

I was a lot more concerned when a sitting president used his power and influence to diddle someone that just left her teen years, then lied about it under oath.

[CharacterAssassin]

I would get bothered if we had proof he was cheating on taxes. This is more about trying to make him look bad in public eye by class warfare advocates, so no, not a concern at all

I was a lot more concerned when a sitting president used his power and influence to diddle someone that just left her teen years, then lied about it under oath.

We have proof that he's cheating on his taxes, fuckwit.

[zymurgy]

We have proof that he's cheating on his taxes, fuckwit.

you are a lying sack of shit

[Truth Detector]

We have proof that he's cheating on his taxes, fuckwit.

No you don't fuckTard. Be less of a mental case and dishonest.

[gfm7175]

We have proof that he's cheating on his taxes, fuckwit.

No, you don't. All you have are media lies.

[floridafan]

I would get bothered if we had proof he was cheating on taxes. This is more about trying to make him look bad in public eye by class warfare advocates, so no, not a concern at all

I was a lot more concerned when a sitting president used his power and influence to diddle someone that just left her teen years, then lied about it under oath.

trunp really did that to some girl?
You really dont care how much trump lies, do you?

[zymurgy]

trunp really did that to some girl?
You really dont care how much trump lies, do you?

yawn

shit stains leaving your trail of smell in ever thread you partake

never any substance, or proof. just smelly shit stain smears

[Truth Detector]

Does it bother you ar all, that trump first lied about this debt and called it "fake news" before finally admitting to it.
Or possibly the reason he took the money was that institutions wanted to loan him money and he took it as a favor to them?

Is there any amount of his bull shit that bothers you?

Why should Trumps companies debt bother anyone you dumb fuck?